Union Budget 2026–27: Retail & Start-Up Sector Reactions
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The retail and start-up ecosystem has welcomed the Union Budget 2026–27 for its forward-looking focus on sustainable manufacturing, innovation and MSME growth. Industry leaders highlight that the Budget’s emphasis on design, technology, digital infrastructure and supply-chain strengthening is expected to create a more enabling environment for consumer and fashion brands, supporting responsible growth and global competitiveness.
Amar Nagaram, Co-Founder, VIRGIO
“The Budget makes it clear that India’s next phase of growth will be driven by the convergence of design, technology, and sustainability. The strong emphasis on sustainable textiles, MSME scale-up, AI-led innovation, and design education reflects a long-term vision to move Indian manufacturing up the global value chain. For consumer and fashion brands, this creates a more enabling ecosystem, one that supports responsible production, data-driven decision-making, and global competitiveness. By balancing manufacturing depth with investments in skills, services, and digital infrastructure, the Budget accelerates India’s shift from volume-led growth to value- and innovation-led growth, positioning the country as a credible global hub for future-ready fashion and lifestyle businesses.”
Abhinav Kumar, Co-Founder, Brand Concepts Ltd.
“The Union Budget 2026–27 lays out a forward-looking path for India’s retail and fashion ecosystem, reinforcing domestic manufacturing, innovation and brand competitiveness. Initiatives like the integrated textile programme, mega textile parks, MSME support and improved logistics create a stronger, more resilient supply chain for domestic and global brands in our portfolio.
By fostering expansion into Tier II and Tier III cities, enabling digital and financial infrastructure and supporting high-quality production, the Budget provides the roadmap for Brand Concepts to scale efficiently, innovate responsibly and strengthen India’s position as a hub for future-ready fashion and lifestyle businesses.”